Charlotte Business News
BUSINESS NEWS
OCC Launches Investigation into Debanking Practices of Major Banks
Charlotte, NC, December 12, 2025 The Office of the Comptroller of the Currency (OCC) is investigating nine major U.S. banks, including Bank of America and Wells Fargo, over their ‘debanking’ practices...
Charlotte Checkers Owner Plans $30 Million Practice Rink in East Charlotte
Charlotte, North Carolina, December 12, 2025 Michael Kahn, owner of the Charlotte Checkers, has announced plans for a $30 million practice rink in eastern Charlotte. This facility aims to provide enhanced...
Raleigh Investors Expand Portfolio with Office Building Acquisition in Charlotte
Charlotte, North Carolina, December 12, 2025 Raleigh-based investors have acquired a fully leased office building near Northlake Mall in Charlotte, reflecting the growing interest in the city’s commercial real estate market....
Sycamore Brewing Founder’s Shocking Arrest and Divestment
Charlotte, NC, December 12, 2025 Justin Brigham, co-founder of Sycamore Brewing, has been arrested in Charlotte for serious charges, including statutory rape and burglary. In response, his wife and business partner,...
Charlotte’s Retail Legacy: Evolution and Influence
Charlotte NC, December 12, 2025 Charlotte, North Carolina, has established itself as a significant retail hub, shaping both the city’s identity and the broader American retail landscape. Notably, Belk, founded in...
New Owners to Revive Stalled Commercial Development in Lake Norman Area
Mooresville, NC, December 12, 2025 A significant commercial development project in the Lake Norman area is set to resume under new ownership, aiming to revitalize the local economy. The initiative, previously...
Barings Participation Investors Declares Quarterly Cash Dividend
Charlotte NC, December 12, 2025 Barings Participation Investors has announced a quarterly cash dividend of $0.37 per share, demonstrating a continued commitment to shareholder value. The dividend is payable on January...
Charlotte Tops Nation in High-End Office Space Growth
Charlotte, North Carolina, December 12, 2025 Charlotte, North Carolina is leading the country in high-end office space growth, propelled by substantial expansions from financial firms. Recent years have shown a surge...
Parella Motorsports Holdings Acquires Racing America
Charlotte, NC, December 11, 2025 Parella Motorsports Holdings has successfully acquired Racing America, creating North America’s largest integrated grassroots motorsports platform. Headquartered in Charlotte, this strategic move enhances engagement within the...
Finance
OCC Launches Investigation into Debanking Practices of Major Banks
Charlotte, NC, December 12, 2025 The Office of the Comptroller of the Currency (OCC) is investigating nine major U.S. banks, including Bank of America and Wells Fargo, over their ‘debanking’ practices...
Raleigh Investors Expand Portfolio with Office Building Acquisition in Charlotte
Charlotte, North Carolina, December 12, 2025 Raleigh-based investors have acquired a fully leased office building near Northlake Mall in Charlotte, reflecting the growing interest in the city’s commercial real estate market....
Barings Participation Investors Declares Quarterly Cash Dividend
Charlotte NC, December 12, 2025 Barings Participation Investors has announced a quarterly cash dividend of $0.37 per share, demonstrating a continued commitment to shareholder value. The dividend is payable on January...
Charlotte Tops Nation in High-End Office Space Growth
Charlotte, North Carolina, December 12, 2025 Charlotte, North Carolina is leading the country in high-end office space growth, propelled by substantial expansions from financial firms. Recent years have shown a surge...
Wells Fargo Plans Workforce Reductions and AI Integration
Charlotte, NC, December 11, 2025 Wells Fargo CEO Charlie Scharf has announced significant workforce reductions planned for 2026 as part of the bank’s strategy to enhance efficiency and introduce artificial intelligence...
Truist Wealth Launches New Mobile-First Investment Platform
Charlotte, NC, December 11, 2025 Truist Wealth has introduced an innovative mobile-first investment platform in collaboration with InvestCloud. This platform enhances clients’ digital experience by integrating advanced investment tools into Truist’s...
Duke Energy’s Commitment to Fair Electricity Rates Amid Data Center Growth
Charlotte, NC, December 11, 2025 Duke Energy is committed to keeping electricity rates fair for all customers despite rising energy demands from data centers. The utility plans to create a new...
SPX Technologies Acquires Crawford United for $300 Million
Cleveland, Ohio, December 11, 2025 SPX Technologies has announced its agreement to acquire Crawford United Corporation for approximately $300 million. This strategic acquisition aims to enhance SPX’s capabilities in the HVAC...
Truist Financial Lowers Prime Lending Rate to Boost Local Economy
Charlotte, N.C., December 11, 2025 Truist Financial Corporation has announced a reduction in its prime lending rate from 7.00% to 6.75%, effective December 11, 2025. This decision aligns with other major...
CONSTRUCTION
Charlotte Checkers Owner Plans $30 Million Practice Rink in East Charlotte
Charlotte, North Carolina, December 12, 2025 Michael Kahn, owner of the Charlotte Checkers, has announced plans for a $30 million practice rink in eastern Charlotte. This facility aims to provide enhanced...
New Owners to Revive Stalled Commercial Development in Lake Norman Area
Mooresville, NC, December 12, 2025 A significant commercial development project in the Lake Norman area is set to resume under new ownership, aiming to revitalize the local economy. The initiative, previously...
Parella Motorsports Holdings Acquires Racing America
Charlotte, NC, December 11, 2025 Parella Motorsports Holdings has successfully acquired Racing America, creating North America’s largest integrated grassroots motorsports platform. Headquartered in Charlotte, this strategic move enhances engagement within the...
Beechwood Homes Strengthens Leadership to Expand in Charlotte
Charlotte, NC, December 9, 2025 Beechwood Homes has appointed a new division president to lead its expansion efforts in the Charlotte area, reflecting their commitment to the growing housing market in...
Hendrick Automotive Group Expands in SouthPark with Major Acquisition
Charlotte, NC, December 6, 2025 Hendrick Automotive Group has acquired a 10-acre vacant site for $13 million in SouthPark, Charlotte, marking a strategic move to enhance their presence in the area....
Charlotte’s Fastest-Growing Companies: A Spotlight on Recent Achievements
Charlotte, NC, December 6, 2025 The Charlotte region highlights its thriving business environment with notable achievements from various companies, particularly Northway Homes and Lucid Bots. Northway Homes excels in affordable housing...
Duke Energy Advances Nuclear Innovation in Charlotte, NC
Charlotte, NC, December 5, 2025 Duke Energy is making strides in advanced nuclear development by collaborating with the U.S. Department of Energy and the Tennessee Valley Authority on a $400 million...
Charlotte’s Expanded Transit Plan: A Transformative Step for Public Transport
Charlotte, North Carolina, December 5, 2025 The Metropolitan Public Transportation Authority (MPTA) is set to transform public transport in Charlotte with a significant expansion plan. The updated Transit System Plan, approved...
Charlotte’s Spectrum Center Sees Attendance Surge After Renovation
Charlotte, NC, December 5, 2025 Following a $245 million renovation, Charlotte’s Spectrum Center has witnessed a substantial uptick in attendance and revenue. In just one month post-reopening, the venue hosted 20...
Real Estate
Charlotte Checkers Owner Plans $30 Million Practice Rink in East Charlotte
Charlotte, North Carolina, December 12, 2025 Michael Kahn, owner of the Charlotte Checkers, has announced plans for a $30 million practice rink in eastern Charlotte. This facility aims to provide enhanced...
Raleigh Investors Expand Portfolio with Office Building Acquisition in Charlotte
Charlotte, North Carolina, December 12, 2025 Raleigh-based investors have acquired a fully leased office building near Northlake Mall in Charlotte, reflecting the growing interest in the city’s commercial real estate market....
Charlotte’s Retail Legacy: Evolution and Influence
Charlotte NC, December 12, 2025 Charlotte, North Carolina, has established itself as a significant retail hub, shaping both the city’s identity and the broader American retail landscape. Notably, Belk, founded in...
New Owners to Revive Stalled Commercial Development in Lake Norman Area
Mooresville, NC, December 12, 2025 A significant commercial development project in the Lake Norman area is set to resume under new ownership, aiming to revitalize the local economy. The initiative, previously...
Charlotte Tops Nation in High-End Office Space Growth
Charlotte, North Carolina, December 12, 2025 Charlotte, North Carolina is leading the country in high-end office space growth, propelled by substantial expansions from financial firms. Recent years have shown a surge...
Duke Energy Florida Expands Solar Energy Capacity with New Facilities
Florida, December 11, 2025 Duke Energy Florida has completed two new solar energy facilities in Sumter and Hernando counties, collectively generating 149.8 MW of clean energy. This initiative is expected to...
Truist Wealth Launches New Mobile-First Investment Platform
Charlotte, NC, December 11, 2025 Truist Wealth has introduced an innovative mobile-first investment platform in collaboration with InvestCloud. This platform enhances clients’ digital experience by integrating advanced investment tools into Truist’s...
Charlotte Named Among Top Housing Hot Spots for 2026
Charlotte, North Carolina, December 11, 2025 Charlotte, North Carolina, has been highlighted by the National Association of REALTORS® as one of the leading housing markets for 2026. Factors contributing to its...
SPX Technologies Acquires Crawford United for $300 Million
Cleveland, Ohio, December 11, 2025 SPX Technologies has announced its agreement to acquire Crawford United Corporation for approximately $300 million. This strategic acquisition aims to enhance SPX’s capabilities in the HVAC...